Is Real Estate Auction Right for You

Auction sellers are really not in a position of "having" to sell. They are in the position of "WANTING" to sell, where time is of essence and moving forward with their life is more important. And getting their property sold NOW has more value than waiting around for that one “right” buyer.

Across the country, auctions are increasingly gaining momentum as a winning real estate marketing tool. Auctions offer market activation and expose the property to a wide number of potential buyers- capturing the buying market and getting buyers to act NOW!

Most properties are salable by auction. All types of real estate, including vacation homes, commercial property, vacant land ranch, resort and those hard to sell properties- even boat slips are sold at auction.

A good indicator as wether auction is "right for you" is if two of the three main components - market, the seller and the property - lean favorably toward auction, then it should be given the proper consideration.

Here’s a checklist to figure out if the auction is right for you:

Do these characteristics describe the seller?

Time is of the essence

Prefers shortest sale time and highest possible return

Is ready to move on to another property

Has already purchased another house

Has high carrying costs on the property

Would like to gain maximum exposure and competition around the sell of their property

Is an auction-minded seller

Needs immediate cash

Has a partnership or marriage break-up

Knows that their property type has a long listing period and can sit on the market for months or years

Wants to liquidate an estate

A development- where the developer would like to “sell-out” their remaining inventory freeing them up to move on the their next project

A new development -where the developer would like to gain momentum and create a Grand-Opening Event